Southern Company announced today that it has signed three long-term wholesale power agreements with Florida Power & Light Company (FPL). Under the agreements, Southern Company will provide a total of 955 megawatts of electric energy to FPL. Headquartered in Juno Beach, Fla., FPL is among the largest and fastest-growing electric utilities in the United States.

Power to supply FPL will be generated from Southern Company’s existing wholesale plant capacity. The new agreements replace existing wholesale contracts that expire in 2010.

“We have had a solid track record with Florida Power & Light for more than 20 years, and we are pleased to have the opportunity to build upon our existing relationship,” said Paul Bowers, President of Southern Company Generation. “With our fleet of wholesale generating assets and our commitment to customer service, we will continue to provide this valued customer with reliable, competitively priced energy through 2015.”

Florida Power & Light Company is the principal subsidiary of FPL Group, Inc. (NYSE: FPL), nationally known as a high quality, efficient and customer-driven organization focused on energy-related products and services. With annual revenues of more than $10 billion and a growing presence in 26 states, FPL Group is widely recognized as one of the country’s premier power companies. Florida Power & Light Company serves more than 4.2 million customer accounts in Florida. FPL Energy, LLC, FPL Group’s wholesale electricity generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at www.FPL.com, www.FPLGroup.com and www.FPLEnergy.com.

With more than 4 million customers and nearly 39,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity. Southern Company owns electric utilities in four states, a growing competitive generation company and a competitive retail natural gas business, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are 15 percent below the national average. Southern Company has been named three consecutive years No. 1 on Fortune magazine’s “America’s Most Admired Companies” list in the Electric and Gas Utility industry. Southern Company has been ranked the nation’s top energy utility in the American Customer Satisfaction Index five years in a row. Southern Company has more than 500,000 shareholders, making its common stock one of the most widely held in the United States.